Chapter 12 Reflection:

If you want to read more about government expenditures one source is the Economic Report of the President, available online here: http://www.whitehouse.gov/administration/eop/cea/economic-report-of-the-President/2014 (Links to an external site.)

Now that you have had a chance to think about tax systems which type do you prefer - progressive, flat tax, income, consumption - there are quite a few possibilities.  How do you think the concept of equity or fairness fits into a tax system? Last year Colorado voted on a progressive tax system - the initiative failed and we still have a flat income tax system here (4.63%).  After reading this chapter would you change your vote?

The type of tax system that I would prefer would be the progressive tax system. I firmly believe that one should be taxed on the amount of money that is earned. So, if you are a high wage earner, you will pay more taxes, etc. After reading this chapter, if Colorado had a vote on a progressive tax system, I would not change my vote but keep it for the progressive tax system.